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Thousands Of Nokia Employees Laid Off

Nokia has announced 4,000 people will be without a job by the end of next year; and 3,000 more will be transferred to Accenture to help the company transition to Windows Phone 7.

China Plans Space Station By 2020

China unveiled plans for its own space station, to be completed by 2020, along with a cargo ship to ferry supplies to and from orbit.

J&J to buy Synthes for $21.6 billion

Johnson & Johnson is buying Synthes Inc , the Swiss maker of screws and plates to fix broken bones, for 19 billion Swiss francs ($21.67 billion), boosting its orthopedic business in a major realignment of the medical device sector.

Obama Speech on Long Form Birth Certificate [VIDEO]

The White House has released a copy of President Barack Obama's long form birth certificate, which the President Obtained from the State of Hawaii after persistent requests to see it and legal restrictions of the state from showing it. The following is video of the President's comments on Thursday morning

Markets flat ahead of Fed, Bernanke comments

Wall Street stocks were little changed on Wednesday as investors took a wait-and-see stance before the Federal Reserve announces its interest rate decision and discusses policies affecting the economy.

Brent oil pares gain on U.S. inventory rise

Brent oil pared gains to around $124 a barrel on Wednesday and U.S. crude fell as a big rise in U.S. inventories countered support from a weaker dollar before a Federal Reserve statement expected to keep a loose monetary policy.

Bernanke seen indicating no haste to tighten policy

Federal Reserve Chairman Ben Bernanke on Wednesday will likely use his first-ever news conference on monetary policy to hammer home the case for a patient approach to withdrawing the central bank's extensive support for the U.S. economy.

Wall Street edges higher on earnings, Fed on tap

Forecast-beating results from big U.S. corporations and expectations of more of the same easy money policies from the Federal Reserve lifted Wall Street on Wednesday, with stocks set to run higher after the S&P 500 moved above a technical resistance level.

Boeing profit tops expectations and reaffirms outlook

Boeing Co's quarterly profit rose 13 percent, topping expectations, and the company reaffirmed a full-year outlook that reflects a rebound in commercial airplane orders and resilience in the face of pressured defense budgets.

Durable goods orders up, buoy manufacturing view

New orders for long-lasting U.S. manufactured goods rose solidly in March and bookings for the prior month were much stronger than initially thought, pointing to strength in the manufacturing sector.

WellPoint raises full-year view as profit beats

WellPoint Inc posted a quarterly profit far above analyst estimates, helped by health plan membership gains and lower-than-expected medical costs, and the insurer raised its full-year earnings outlook.

Obama's Speech on Full Birth Certificate [FULL TEXT and PHOTOS]

The following is a transcript of remarks by President Barack Obama on April 27, 2011 as delivered to reporters at the White House on the issue of his birth place, which he called a distraction from more important issues facing the nation. On Thursday, the White House released the long-form birth certificate obtained from State of Hawaii. A certification of live birth, which provided less information, was released in 2008, ahead of the election that year.

Arnold Schwarzenegger: Back in Terminator 5

After almost eight years of absence from Hollywood, Arnold Schwarzenegger will return to the role of The Terminator in the new film which is currently being shopped around Hollywood studios, according to Deadline.

Nokia axes 7,000 jobs to slash costs

Nokia will axe 7,000 jobs and outsource its legacy Symbian activities to slash 1 billion euros ($1.46 billion) of costs as it struggles to compete in the fierce smartphone market.

Apple denies tracking iPhone

Apple Inc. denied that its iPhones are tracking the location of users, responding to criticism that it was using data to help tap the market for location-based services.

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